My attempt at predicting BUY entry BEFORE I get a signal
Updated
Just discovered Andrews/Schiffs pitchfork. Interesting tool. Let's see if it works!
Trade active
If we can break that trendline AND get confirmation on lower indicator, all is good! Is anyone else using these pitchfork tools? So far, I like them. Saw a youtube video and the guy said 99% of traders are missing out on an extremely powerful trading tool. So far, I like it. Albeit, a little tricky to learn the setup. What do you guys think?Trade active
Obviously a little early but seems to be holding on after an hour. So far, so good with the pitchforks!Trade active
I think I like my old, simpler method better! MAybe it just takes time to learn how to use the pitchforks. I've never been good at "predicting" entries. I prefer tools that are activated at the BEGINNING of the POSSIBLE move. Based on the indicators I have used for a long time, I would not have entered this trade. Let's see how it plays out. Definitely more stressful than my normal way of entering a trade. TBH!Trade active
The guy in the youtube Andrews pitchfork video said "wicks" are not bad....so I guess we're still good?!Trade active
Seems to be respecting the "pitchforks", but I still would not have entered this trade, TBH!Trade active
So, technically, I would say it worked.Trade active
So, we're back in the longer term channel again.Trade active
Who doesn't feel bad for this guy joe007 Ouch! Huge hole he dug himself into. leaderboard.bitfinex.com/plu_diff:1w:tGLOBAL:USDTrade active
I think I'll stick my old way of doing things!!
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